【Analyst: Bitcoin long-term holders are starting to take profits, this group may predict that prices are nearing the top】Golden Finance reports that on-chain data analyst Murphy posted on social media that the average cost of Bitcoin long-term holders (LTH) has suddenly increased rapidly, with a 7-day cost change rate reaching 9.57%. This situation is not only due to some short-term holders (STH) converting their high-position chips to LTH, but also due to some low-cost long-term chips being sold, which has raised the overall cost. Currently, the average cost for LTH is around $31,000, indicating that many chips with costs below $31,000 have been sold, leading to a rapid increase in overall cost. Murphy further explained that LTH holders, known as 'diamond hands', usually make very few trades, and their selling actions are primarily based on 'panic' or 'hedging'. However, there is currently no 'panic', so it is possible that LTH feels the price is approaching their predicted top and is gradually exiting the market (LTH's judgment may also be incorrect).

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